Japan is a nation of over 6,800 islands, none of which is very large. the largest island, honshu, is roughly the same size as the state of montana in the western united states. does this mean that japan is destined to have low economic growth and standards of living?

NO

Explanation:

Japan's largest island, Honshu is roughly the same size as Montana in the Western United states does not mean that Japan is destined to have low economic growth and standards of living.

Japan has a lot of resources as well as they have very advanced technology which makes them different from any other country.

So, by saying that the size of Japan is less than the growth and standard of living is also less is absolutely wrong.

countries such as spain, france and portugal colonized the region. although most of latin america was colonized by spain, the countries of portugal and france also had major influences on the region. due to war and disease, native populations were decimated.

this is an outline for the decisions that frankie is going to make

opportunity cost

willingness to buy

price or quality

of course, there could be many economic strategies that should be considered important while making decision. opportunity cost is the foremost significant factor while considering any economic option. when you buy something, you should know how much you are forgoing for this product. indeed, you could buy something different with this measure if you changed your mind. willingness to buy shows how much surplus you are earning while making a decision. it is important because it shows you buy what you want or you buy because you have only limited amount of money. the price or quality can be considered as a general economic option that we are applying while buying something. when you buy something, price or quality could be one of the options. indeed, they define the characteristics of the product.    

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